KARACHI: Karachi Stock Exchange (KSE) ended higher on Thursday as investors accumulated shares in the banking and fertiliser sectors, in anticipation of the launch of a margin trading system (MTS) on Saturday, dealers said.
KSE benchmark 100-share index ended 0.54 percent, or 62.84 points, higher at 11,762 points.
Turnover rose to 162.44 million shares, compared with 143.3 million shares traded on Wednesday.
"Bullish activity continued throughout the trading session, with rising volume ahead of the launch of the MTS," said Ahsan Mehanti, director at Arif Habib Investments Ltd.
The Finance Minister, Hafeez Shaikh, is expected to visit the KSE on Saturday for the launch ceremony of the MTS, according to a statement by the KSE.
In the currency market, the rupee ended almost flat at 85.55/59 to the dollar, compared from Wednesday's close of 85.54/59 but dealers expect pressure on the local unit because of rising international oil prices.
In the money market, overnight rates ended at 12.50 percent, compared with Wednesday's close of between 12.60 percent and 12.90 percent, and dealers expect rates to be on the higher side in the coming days.
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